Ripple (XRP) client Tranglo approved for boosting money transfers and e-money issuance in Asia

Cross-border payments and mobile payment solutions operator Tranglo spreads the word that now it has been approved by authorities in Singapore to offer its customers new services to do with money transfers in the country and abroad.

Ripple has recently purchased a 40-percent stake in Tranglo to enhance its presence in Southeast Asia and launch new ODL (On-Demand Liquidity) corridors for local consumers.

According to the press release published in the Tranglo blog, the company has been approved to offer services in account issuing, in-country money transfers and e-money issuance.

Continue reading